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| I think you would need to check up on this.
I would get your friend to query this with the Tax Office.
I would expect the Income Tax you would pay would be on the higher of the Actual Rent Received - Actual Costs or Market Rental Value as given by Canton - Allowed Incidental Costs.
I say this because I think that the reason that they charge tax on rental value is to put people off from buying property and leaving it empty. this would create more demand for property (from locals) and create a price boom which from what ican see the Swiss arev trying to avoid which is the reason the country is not in a mess like the UK and USA. | |
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My friend is pretty savvy (Director of a large bank). I'll check it out with him again when I next get the chance.
With regards to Telandy's original question, although the running costs of a second property are obviously not unexpected, I would just caution that they can be pretty high. Our 4 and a half room mountain apartment costs us about a third more to run than our 6 and a half room house. This is mainly due to the costs of heating and snow clearing, which can be pretty expensive. That said, owning a second home has opened up a whole new world for us and we haven't regretted it for one moment.